The meme coin market is once again drawing trader attention, as speculative capital rotates back into high-volatility setups after weeks of choppy conditions. Several community-driven assets are beginning to show technical signs of stabilization and early reversals, suggesting that selling pressure is fading in the face of renewed buying interest.
According to a recent analysis by BeInCrypto, three specific assets stand out for their price action and breakout potential. Among them, PIPPIN leads the trend reversal attempt, bouncing cleanly from the $0.1565 demand zone. At the same time, the MACD indicator reflects a bullish crossover that suggests the return of buyers to the ecosystem of these cryptocurrencies.
PIPPIN and BONE: Between technical reversal and Fibonacci levels
PIPPIN’s structure remains intact as long as the price trades above $0.1861 on a daily close, seeking to reclaim the $0.2592 level. A close above the key resistance of $0.2671 would open the path toward $0.3083, allowing for a further extension if trading volume finally supports the bulls’ momentum.
On the other hand, Bone ShibaSwap (BONE) has recorded a bounce following a prolonged downtrend, successfully defending the $0.0482 support level. Currently, the asset tests the 38.2% Fibonacci retracement level, located at $0.0685. If this movement consolidates, technical targets shift toward $0.0747 and $0.0810, marking a structural change toward a bullish phase.
Will BANANAS31 manage to overcome its historical resistance in February?
Banana For Scale (BANANAS31) has staged an accelerated four-day rally, pressing the critical resistance of $0.0043 in line with Fibonacci levels. This point is decisive, as historically the coin has failed to clear this barrier, so a successful breakout would confirm, without a doubt, the continuation of its prevailing trend.
Furthermore, the Money Flow Index (MFI) indicates strong buying pressure, which could catapult the price toward the $0.051 target. However, should it fail in this attempt, the asset could pull back toward $0.0039, invalidating the current recovery thesis and erasing the gains made during the first days of the month of February.
In short, the sector’s dynamics show that liquidity is seeking refuge in projects with defined chart structures. Thus, the meme coin market is preparing for a week of technical definitions where discipline at support levels will be fundamental. Investors should monitor daily candle closes to confirm whether these bounces turn out to be sustainable.
